ΠΕΡΙΓΡΑΦΗ

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

Training Objectives

• The basic notions around investment funds
• The common things and differences between UCITS and AIFs
• The available structures
• The basic legal requirements
• The ways funds operate

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

People working in Fund Managers, Fund Administrators and other Professionals who need to update or refresh their knowledge on Mutual Funds as well as Lawyers, Accounting Firms and Corporate Service Providers, that wish to understand the funds industry.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

• What is a UCITS fund
• When did they start, historical background
• Rulebook, prospectus and other documents of the funds

Units

• Management companies
• European passport and freedom in services provision
• Permitted investments
• What is the custodian and why it is important to the investors
• Existing legal framework
• Directive UCITS IV & V
• Law 78 (I) 2012
• The 5th AML Directive: the core goals and what to expect
• First thoughts of the 6th Directive
• Basic provisions of the UCITS law
• AML rules for UCITS
• Other issues
• General characteristics of AIFs
• Authorization of an AIF
• Common rules for the organization and functioning of AIFs
• AIF external manager
• AIF custodian
• Subscription and redemptions of AIF units
• Special provisions
• Obligations for investors information
• Mergers
• Distribution of foreign AIF units in Cyprus
• Listed AIFs
• Regulatory environment
• AIF with limited number of persons
• Registered AIFs
• Authorization of AIFMs
• Operating Conditions for AIFMs
• General requirements for AIFMs
• Organizational requirements for AIFMs
• Delegation of AIFM functions for AIFMs
• AIF depositary
• AIFMs managing special types of AIF
• Rights of AIMFs to manage and market EU AIFs in the Union
• Specific rules in relation to third countries
• Marketing of units of AIFs to retail investors in the Republic
• Supervision rules
• Upcoming changes

Training Style

The training style will include the presentation of all the material using slides and handouts.  The trainer will use practical examples to elaborate various concepts and encourage class discussion.  Participants will engage in exchange of ideas and sharing of knowledge on the subject matter.  Participants will also be able to ask questions and obtain clarifications from the trainer on all the material covered.

Trainer

Alex Kartalis

Since 2013 Alexios Kartalis has been the General Manager of GMM Global Money Managers Ltd, a mutual funds (UCITS) and alternative investments (AIF) management company. Prior to his appointment to GMM, Alexios was the General Manager of BNP Paribas Securities Services in Athens for 9 years where he previously served as Head of Operations for 6 years. Alexios also worked in the Securities Department for Citibank Athens. Having a 24+ years of industry practice, Alexios frequently delivers business trainings in the subjects of AML, CRS & FATCA, Fund Administration and Custody. Furthermore, he has also been an academic instructor of Finance for the New York College. Alexios received his European MBA in Finance from ESCEM School of Business Management, his Bachelor’s degree in Statistics from Athens University of Economics and Business and is certified as a Hellenic Exchanges Derivatives Clearer, Advanced Licence holder from CySEC and an HRDA trainer.